Embedding Ethical Values in HR Practices: A Strategic  Approach to Elevate Employee Engagement and Reduce  Turnover Intention

Pooja  Yadav; Abhaya Ranjan  Srivastava

doi:10.21844/16202116201

Pooja Yadav Research Scholar, Birla Institute of Technology. Mesra, Ranchi, India
Abhaya Ranjan Srivastava Assistant Professor, Birla Institute of Technology, Mesra, Ranchi, India

DOI: https://doi.org/10.21844/16202116201

Keywords: HR Practices, Banking, Diversity and Inclusion, Employee Rewards and Recognition, Ethical Leadership

Abstract

In the competitive landscape of private sector banks, the dual challenge of elevating employee engagement and reducing turnover intention has emerged as a critical focal point. This abstract provides a glimpse into the research exploring the profound impact of Human Resource (HR) practices in navigating these intertwined challenges. Through an investigation of ethical and social responsibility, diversity and inclusion, ethical leadership, employee wellness program, employee rewards and recognition, this research uncovers the important role played by HR practices in creating a workforce extremely engaged with the organization's goals and concurrently mitigating the intentions of employees to seek alternatives. The data was collected from the private banks situated in Jharkhand region. The study employed various tools like regression, correlation, confirmatory factor analysis etc. to study the relationship between dependent and independent variable. The findings of the study offer valuable insights for private sector banks seeking to enhance their organizational performance and stability, positioning HR strategies at the core of their success.